Missing Chinese CEO Bao Fan is cooperating in an investigation by 'certain authorities in the People's Republic of China,' his company said in a statement.
Missing Chinese CEO Bao Fan is cooperating in an investigation by “certain authorities in the People’s Republic of China,” his company said in a statement Sunday. China Renaissance Holdings Limited, of which Bao is the chairman and CEO, said the company has been trying to locate him and ascertain his status since the announcement he disappeared on February 16.
Anbang chairman Wu Xiaohui was reportedly detained by authorities as part of a government investigation. He too was eventually jailed for 18 years. The company, an investment bank and private equity firm based in Beijing, added it is monitoring the situation and will release further statements “when appropriate.” One of China’s top investment bankers Bao is known as a veteran deal maker in China’s tech industry.
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